Ero Copper sees resource growth potential in Brazil
- •Vale's usually pretty shrewd, so for them to greenlight something like this, it suggests there's some real meat on the bone.
- •It's a nice potential boost to future production numbers, which, for a long-term investor like myself, is music to my ears.
- •My kid's college fund isn't going to pay for itself!
Hey everyone, just read this interesting article on Mining.com about Ero Copper and their growth potential in Brazil: https://www.mining.com/ero-copper-sees-resource-growth-potential-in-brazil/
My initial take is pretty positive. I've been holding some positions in copper miners for a while now, largely on the back of the whole electrification trend for my retirement portfolio. Ero's existing operations at Caraíba are already looking good, and the fact they're talking about significant resource growth, especially with that earn-in agreement for 60% of the Furnas project with Vale, really piques my interest. Vale's usually pretty shrewd, so for them to greenlight something like this, it suggests there's some real meat on the bone. It's a nice potential boost to future production numbers, which, for a long-term investor like myself, is music to my ears. My kid's college fund isn't going to pay for itself!
I'm curious to hear what you all think. Has anyone here been following Ero Copper more closely? Or perhaps have some insight into the Furnas project area? I'm always trying to diversify and understand these miners better, especially with copper demand looking like it's only going one way. Any thoughts on their management team's track record with these kinds of expansions? Let me know!